Bassel Rahmy, Chief Executive Officer of the Micro, Small and Medium Enterprise Development Agency, announced on 6 June 2026 that the agency has provided EGP 1.5bn in financing for green economy projects between July 2014 and April 2026. The statement was made on the sidelines of World Environment Day celebrations. MSMEDA has also allocated EGP 600m to support conversion of vehicles to dual fuel operation.
Rahmy said the financing aligns with national priorities on environmental issues and sustainable growth. The EGP 600m supports a presidential initiative implemented with the Ministry of Petroleum and Mineral Resources through Cargas and Gastec. The programme seeks to reduce emissions, lower fuel costs, and improve efficiency for small transport enterprises. MSMEDA requires all financed projects to meet Egyptian environmental laws and international standards. The agency cooperates with the Ministries of Environment and Local Development on safeguards. It also participates in the Smart Green Projects Initiative and works with the United Nations Development Programme on green growth efforts alongside Banque Misr and Banque du Caire. The agency has made its headquarters an environmentally friendly building using smart technology in partnership with the UNDP and the Industrial Modernisation Centre. Plans are under way to apply the same model across branches. Each branch has an environmental officer to guide entrepreneurs on climate considerations.